Lucas is able to do so because he owns 100% of his company Lucasfilm, and all of the money goes back to him in the end. According to a spokesperson for Lucasfilm, he'll be putting the money into a foundation that primarily focuses on educational issues when the deal with Disney closes.

While it's unclear exactly which charity will be receiving the donation, Lucas is currently the chairman for Edutopia, which is part of the George Lucas Educational Foundation. He used this Foundation to donate $175 million to USC, which is his alma mater, back in 2006. He has also generously contributed to other charities like the Film Foundation, Stand Up to Cancer and the Make-A-Wish Foundation.

Now that Lucas has more time, he is planning on devoting much of his resources to philanthropic pursuits, especially since he swore back in 2010 to the Giving Pledge that he would dedicate the majority of his money to founding educational resources. Lucas feels that education is "the key to the survival of the human race." In his mind, we need to plan for our future and that includes giving our children the societal, emotional and intellectual tools that they need in order to survive and thrive. (We don't want a generation of Jar Jar Binks clones.) Lucas adds that our greatest asset as humans is our adaptability and our intelligence, and we should nurture that for the future generations to come. Looks like Lucas is living the way of the noble Jedi warrior for real.